Nigeria now first consideration for FDIs, Finance Minister, Edun claims

Positive response to the economic reform measures undertaken by the administration of President Bola Tinubu has turned Nigeria into the first consideration for Foreign Direct Investment (FDI), the Minister of Finance and Coordinating Minister of the Economy, Wale Edun has said.

The Minister stated this while briefing the press on highlights of Nigeria’s participation in the just concluded Annual Meetings of the World Bank/International Monetary Fund, IMF, in Marrakesh, Morocco.

It would be recalled that during the weeklong meetings, the World Bank and IMF commended the decision of the FG to remove fuel subsidy, unify exchange rates in the official forex market as well as the removal of foreign exchange restrictions on 43 items.